Explained: What is UPI scam, how it works and more

This article discusses UPI scams and provides tips to stay protected. UPI scams are fraudulent activities that aim to trick users into revealing sensitive information or transferring money. Scammers create fake websites, emails, or SMS messages to mimic legitimate UPI apps. They may also send fake money requests or use screen mirroring apps to initiate unauthorized transactions. Another tactic is vishing, where scammers pretend to be representatives of banks or UPI service providers. To stay protected, never share UPI PIN, password, or OTP, verify the authenticity of URLs, exercise caution with money requests, avoid rushing into transactions, and use reputable antivirus software.

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